7516 Sepulveda Blvd
Sold

7516 Sepulveda Blvd

7516 Sepulveda Boulevard, Van Nuys, CA 91405

$1,475,000

We are pleased to offer for sale this development opportunity located at 7510-7516 Sepulveda Boulevard consisting of two parcels totaling 13,774 square feet. The property is located within an Opportunity Zone, which could allow for tax incentives for a redevelopment project on the site. Zoned LAR3, the lots could potentially be developed into 18 units with an estimated 13,000 total rentable square feet (buyer to verify) * . The property is located near the intersections of Sepulveda Boulevard and Saticoy Street, providing convenient access to the 405 Freeway, as well as nearby grocery, retail and dining options that include Target, Starbucks, CVS, WaBa Grill, and many more. 7516 Sepulveda Boulevard currently features a three-bed/two-bath house that is generating $2,061 per month in rental income. * This analysis assumes buyer is able to adjust existing zoning to remove in-place q-condition and build 18 units. As-is, there is potential to build 11 units. Buyer to verify.

0.32 Acres lot

Davis Saadian

Davis Saadian

Features & Amenities

Area & Lot

  • Status Sold
  • Lot Area0.32 Acres
  • MLS® ID20-583184
  • TypeLand
  • NeighborhoodDowntown Los Angeles

Financial

  • Sales Price$1,475,000

Downtown Los Angeles

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The Davis Saadian Group is the technology, and experience driven real estate group that will get you started. Buying a house or putting your property for sale starts with The Davis Saadian Group.

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